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February 4th, 2013: AAPL Wave Count Update

Posted by pugsma on February 4, 2013

12:30 pm EST:  Here is the updated AAPL wave count update.

The bounce from 436 to 463 was precisely at the 23% retrace point for the primary count minor 4 of major [C]-P4 target.  However if the 436 low holds on this pull-back as a (b) of minor 4 wave, then I believe minor 4 may still reach the 38% target of 481 before minor 5 of major [C]-P4 concludes at the [C]=[A] target of 396.   If 436 breaks, then minor 5 of major [C]=P4 is underway headed down toward the 396 target.

The alternate (blue) needs the minor 2 of major [1]-P5 low to hold above 436.  If minor 2 hold above 436, then the minor 3 of major [1] target is near 490, where minor 3=1.62*minor 1.  This minor 3 move up should break the falling wedge upper line.  Ultimately it will take  a move above 501 before a drop below 436 to eliminate the primary count and confirm this alternate (blue) count.

AAPL 15-min chart (2-4-13):

PUG AAPL 15-min chart EOD 2-4-13

AAPL 60-min chart (2-4-13):

PUG AAPL 60-min chart EOD 2-4-13

AAPL 4-hr chart (2-4-13):

PUG AAPL 4-hr chart EOD 2-4-13

AAPL daily chart (2-4-13):

PUG AAPL daily chart EOD 2-4-13

AAPL weekly chart (2-4-13):

PUG AAPL weekly chart EOD 2-4-13

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